Grand Theft Auto and NBA 2K parent publisher Take-Two announced on Monday that it has agreed to acquire Zynga in a cash and stock deal valued at $12.7 billion. That makes it the largest acquisition in the history of video games by a large margin, the next closest being Tencent's $8.6 billion buyout of Supercell in 2016. The $12.7 billion deal is also significantly more than the $8.1 billion that Microsoft paid to acquire ZeniMax/Bethesda.

Looking outside of video games, it's three times as much as what Disney paid for Star Wars ($4.05 billion). For many, these numbers will come as a shock--the company behind FarmVille is worth almost $13 billion? But with huge growth expected from the casual and mobile gaming spaces, it's not as much of a surprise as you might think.

Making the deal all the more noteworthy is that Take-Two plans to pay a 64% premium on Zynga's stock price as of January 7, which suggests the GTA company is extremely bullish on the outlook for growth. In fact, and to put a specific number to the significance of the deal on Take-Two's bottom line, the company said this deal will lead to opportunities for $500 million annually over time that it didn't have before.